Amcor

From Wikipedia, the free encyclopedia

Amcor Limited

Type

public

Traded as

ASX: AMC

Industry

Packaging

Founded

As Australian Paper Manufacturers - 1860 As Amcor - 1986

Headquarters

Hawthorn, Victoria, Australia

Key people

Ken MacKenzie, CEO & Managing Director

Products

Packaging

Website

http://www.amcor.com

Amcor Limited is an Australian-based multinational packaging company. Its headquarters are in Hawthorn, Victoria (a suburb of Melbourne);[1] and it is listed on the Australian Securities Exchange. It operates manufacturing plants in 42 countries across 300 sites and has approximately 33,000 employees. It has annual sales of AUD$12.2 billion and a market value in excess of AUD$10 billion. Amcor supplies a broad range of plastic (rigid and flexible), fibre, metal and glass packaging solutions as well as packaging related services. Amcor limited holds the 926th position in the Forbes 2000.

Controversies[edit source | editbeta]

In December 2004, the CEO, Russell Jones, resigned on the request of the board after press reports revealed that the Australian Competition and Consumer Commission was investigating the company for

engaging in cartel practices. Such practices are a serious breach of Australia's corporate laws. News of the investigation came to light after the company sued five former executives in an .edu.au/cgibin/sinodisp/au/cases/cth/FCA/2007/1617.html?query=^visy</ref> In 2007, Amcor sold its European bottle/preform business to La Seda, a Spanish based resin manufacturer. In 2008, Amcor was convicted by the Heidelberg Magistrates Court for releasing oil to the Yarra [12] River from its Alphington plant and fined $80,000.

Amcor Innovation Packaging Contest[edit source | editbeta]

Amcor Innovation Packaging Contest created to stimulate new ideas from students in different markets. The winning team was judged by members of Amcor Flexibles Asia Pacifics leadership team. In 2013, "the winning team included four students", Zhao Junjie, Mu Zhou, Zhu Zhipeng, and Yang Li "from Wuhan University".

References

Our History

Amcor has come a long way to become one of the world's top global packaging companies.

1860s Australian Heritage

Amcor's history dates back to the 1860s when Samuel Ramsden, a young stone mason from Yorkshire, arrived in Australia with his bride to seek his fortune in a new land. He established Victoria's first paper mill on the banks of the Yarra River in Melbourne. For most of its life the company was known as APM - Australian Paper Manufacturers and its products even then touched the daily lives of all Australians. The pictures above are, from left to right: Samuel Ramsden, Founder of the company. Botany Paper Mill, Circa 1900.

Amcor was the first company to collect paper for recycling with a horse and cart. The former Australian Paper Manufacturer's logo and letterhead. In the 1970s and 1980s the company added a range of diverse packaging interests to its traditional papermaking activities. This was achieved through creating new business partnerships and making strategic acquisitions in order to expand and diversify the companys activities. With the focus gradually changing and as the company moved towards the future, the company name did not quite fit with the new focus of this young, energetic Australian company. It was decided that the company name should be changed. On May 1, 1986 APM became Amcor Limited, a name that has become increasingly well known throughout the world for its packaging innovation and its global reach.

Amcor's Changing Global Face

World-renowned innovation and customer service has seen Amcor expand from its Australian heritage to now serve markets around the globe. Profitable organic growth and strategic acquisitions and divestments continue to build change the face of Amcor and reinforce our global leadership position in packaging innovation. Divestments John Sands Greeting Cards Group Leigh-Mardon Printing Business Corrugated packaging business Europe Paper Mill in USA Leigh Mardon Flexibles Australia Australian Rigid Plastics Valpak Sawmilling Business ClosedPulp Mill Envelope Business Australia European Box Business 1995 1996 1997 1998 Leaderpak Acquisitions Rentsch Folding Cartons Switzerland European Flexibles Business (UCB)

1999 2000 Injepet USA Stevens Flexible Packaging USA Albertazzi Films Smutfitt Tobacco Europe Brazilian PET Acquisition Expansion of Sunclipse in USA Expansion of Amcor Rentsch, Poly Laupen Expansion of Amcor Asia China Flexibles PET USA Expansion CNC Containers, PET Pack Containers Three way Flexibles Merger with Danisco Akerlund & Rausing Bericap North America JV Sunclipse Expansion Sirod, Vanguard Packaging, Apollo Paper PET and Closures Businesses of SchmalbachLubeca Amcor Flexibles Expansion Rexam Food Flexibles, Tobepal/Tobefil Spain Amcor Sunclipse Expansion Malow Corp, Brick Container Expansion Amcor PET Alcoa, Latin America; Arca, Mexico Expansion Amcor Flexibles Rexam

Paper Group Demerger

2001

Kimberley Clark Australia (5%)

2002

Kimberley Clark Australia (remaining 45%)

2003

2004

Healthcare Flexibles 2005 Amcor White Cap 2006 Expansion of China tobacco packaging via share in Vision Grande Group Holdings Vision Grande (46%)

Australasian food can and aerosol business PET Packaging Europe Tobepal

2007

2010

Parts of Alcan Packaging from Rio Tinto, including the Global Pharmaceutical, Food Europe, Food Asia and Global Tobacco businesses Ball Plastics Packaging Americas B-Pack Due - a cast polypropylene (CPP) film manufacturer based in Italy Techni-Chem acquisition CHH Smithfield acquisition

Amcor Glass Tubing

2011 2012

Marfred Industries acquisition Carter & Associates NZ acquisition

What We Value
Our Belief Statement

Our Belief Statement is what we stand for, what we are passionate about and what we aspire to. Its our reason to get out of bed in the morning and come to work, and the reason our company exists. It sets out our purpose and what we are here to deliver to our customers.

Our Core Values

We hold our Core Values close to our hearts. They are the foundation of who we are and how we conduct ourselves. They play out in all of our

interactions; with customers, in Amcor workplaces and with our other important stakeholders. They guide us and act as our moral compass. Safety We take care of each other and we take care of our stakeholders Integrity We build trust in our relationships through honest and ethical behaviour Teamwork We work together to make a difference Social Responsibility We respond to the needs of our communities and the environment Innovation If there is a better way, we will find it together

Our Businesses

As the worlds leading packaging manufacturer, Amcor offers customers the highest quality in innovative and sustainable packaging solutions, and partnerships built on service, reliability and excellence. Our extensive global footprint puts us on our custom ers doorstep wherever they do business so big or small, Amcor can provide leading packaging solutions for any organisation.

Amcor offers a broad range of plastic, fibre, metal and glass packaging related products and services, including packaging for beverages, food, healthcare, personal and homecare, tobacco, and industrial applications; as well as recycling services in Australia and distribution services in North America. Learn more about how Amcor is Creating a new world of packaging by downloading our global brochure. Global Brochure - English A4 (PDF 4MB) Global Brochure - English US Letter (PDF 4MB)

Headquartered in Melbourne, Australia, Amcor consists of: Flexible Packaging

Amcor Flexibles is the worlds largest supplier of flexible packaging, operating across 30 countries and 89 plants. Products include packaging for fresh foods such as meat, fish, bread, produce and dairy; processed foods such as confectionery, snack foods, coffee and ready meals; as well as high valueadded resin and aluminium based medical applications, hospital supplies, pharmaceuticals, personal & home care products and specialty packaging. Amcor Flexibles operates as two independent business groups across two regions Flexibles Europe and Americas and Flexibles Asia Pacific. Amcor Flexibles Europe & Americas delivers outstanding customer solutions to the food, home & personal care, hospital,medical device, pharmaceutical and industrial markets, as well servicing the wine industry with Stelvin closures. Amcor Flexibles Asia Pacific produces innovative packaging solutions to service customers across food and healthcare markets, including for pharmaceuticals, medical devices, and personal & homecare.

Tobacco and Specialty Packaging

Focused exclusively on the tobacco and specialty packaging markets with 20 plants across Europe, the Americas and Asia, Amcor Tobacco and Specialty Packaging offers customers a diverse production network, along with leading edge research and development services and technology.

Rigid Plastics
With 75 plants across 13 countries, Amcor Rigid Plastics is the world's largest manufacturer of PET (polyethylene terephthalate) containers, supplying consumer product and FMCG companies, big and small. Amcor Rigid Plastics range of containers and capabilities includes packaging for hot and cold, and alcoholic beverages, blow molded and extrusion molded plastic containers for food, and an array of PET, HDPE and PP containers for pharmaceutical, personal and home care products.

Amcor Australasia and Packaging Distribution

Amcor Australasia and Packaging Distribution is a diverse packaging business which includes the fibre, glass and aluminium beverage can businesses in Australia and New Zealand and the packaging material, and equipment distribution and manufacturing business in North America, Europe and Asia. The Australasian business core products include custom printed,die cut and stock corrugated boxes, folding cartons, paper and recycling services, aluminium cans for beverages, plastic and metal closures, glass wine and beer bottles and multiwall sacks. Amcor Packaging Distribution uniquely supplies packaging

products for the full supply chain; from primary and secondary packaging, to line automation and logistics support services.

AMVIG
Amcor holds 47.939% of AMVIG Holdings Limited, a company principally involved in the manufacture of tobacco packaging. With plants across Asia, including the Peoples Republic of China, AMVIG is a leading supplier of packaging and printing for packaging in the region. Although AMVIG is not a wholly owned company of Amcor, there exists significant opportunities for Amcor and AMVIG to mutually benefit from the experience and participation in the specialty packaging for tobacco markets.

Full Year Results

2013 Full Year
News release - download the ASX announcement about our financial results for the 12 months to 30 June 2013. Investor presentation - download a presentation about our financial results for the 12 months to 30 June 2013. Audio cast - listen to our Managing Director and Chief Financial Officer discuss Amcor's financial results for the 12 months to 30 June 2013. Click here to access the archived audio webcast.

2012 Full Year

News release - download the ASX announcement about our financial results for the 12 months to 30 June 2012. Annual report - download the annual financial report for the 12 months to 30 June 2012. Investor presentation - download a presentation about our financial results for the 12 months to 30 June 2012. Audio cast - Amcor conducted its Full Year Results on 21 August 2012. Please click here to access the archived audio webcast.

2011 Full Year

News release - download the ASX announcement about our financial results for the 12 months to 30 June 2011. Annual report - download the annual financial report for the 12 months to 30 June 2011. Investor presentation - download a presentation about our financial results for the 12 months to 30 June 2011. Audio cast - listen to our Managing Director discuss Amcor's financial results for the 12 months to 30 June 2011.

2010 Full Year

News release - download the ASX announcement about our financial results for the 12 months to 30 June 2010. Annual report - download annual financial report for the 12 months to 30 June 2010. Investor presentation - download a presentation about our financial results for the 12 months to 30 June 2010. Audio cast - listen to our Managing Director discuss Amcor's financial results for the 12 months to 30 June 2010.

2009 Full Year

News release - download the ASX announcement about our financial results for the 12 months to 30 June 2009. Annual report - download annual financial report for the 12 months to 30 June 2009. Investor presentation - download a presentation about our financial results for the 12 months to 30 June 2009. Audio cast - listen to our Managing Director discuss Amcor's financial results for the 12 months to 30 June 2009.

2008 Full Year

News release - download the ASX announcement about our financial results for the 12 months to 30 June 2008. Annual report - download the annual financial report for the 12 months to 30 June 2008. Investor presentation - download a presentation about our financial results for the 12 months to 30 June 2008. Audio cast - listen to our Managing Director discuss Amcor's financial results for the 12 months to 30 June 2008.

Results Archive
Historical information about Amcor's financial results can be found in our Annual Reports, Media announcements, Investor presentations and Audio/web casts.

Awards and recognition

Environment Award, Australian Sustainability Awards
During the 2011/12 year, Amcor was recognised at the Ethical Investor Sustainability Awards. The judges commended Amcor for "using the principles of environmental sustainability to reposition its product in customers and suppliers minds". Amcor was also recognised in a report released by the Association of Chartered Certified Accountants (Australia) for our overall integration of material non-financial concerns into company vision and strategy, management systems and risk management framework. The report Amcor was also ranked Amcor the

best amongst the ASX50 companies for demonstrating the interdependencies between environmental and social matters, and financial performance. Amcor continues to be listed on global and regional market indices, including the Dow Jones Sustainability Asia Pacific Index; the Carbon Disclosure Leadership Index, Materials Sector, Australia and New Zealand region; and, the FTSE4Good index.

Scandinavian Packaging Associations Scanstar Award

Amcor's E-Close flexible packaging product was awarded a Scanstar Award by the Scandinavian Packaging Association. The E-Close cheese packaging combines pressure sensitive adhesives with laser micro perforation technology to enhance convenience and food safety.

UK AfOR/Vincotte home compostable scheme

Amcor Flexibles is the first company to have products certified under the UK AfOR/Vincotte home compostable scheme. The products met test requirements for biodegredation, disintegration, exotoxicity and material characteristics.

UK Packaging Awards
Amcors FreshView netted apple bag, used in Sainsbury's "Taste the difference" range was awarded Flexible Pack of the Year for fresh produce innovation.

Flexible Packaging Association Awards

Amcors Pocket Shots Stand-Up Pouch single portion alcoholic beverages received a Gold Award for Technical Innovation and Silver Award for Sustainability and Environmental Achievement. The package is easy to open, unbreakable, takes up less space when empty and significantly reduces packaging weight in comparison to traditional beverage packages.

Alufoil Trophies
Amcors Canny package was recognised for Overall Excellence in Product Preservation. The product is fully recyclable, is 30% lighter than traditional ring-pull aluminium bowls, is nestable to save space during transportation and storage and the products inside coating is BPA-free. Amcor Formpack DessiflexTM Plus also received the Product Preservation Award. The design provides extra protection for moisture-sensitive pharmaceuticals, extending shelf life of the product and increases its stability.

DuPont Awards
Amcors Formpack Dessiflex TM Plus received a Silver Award for Excellence in Innovation. The design provides extra protection for moisture-sensitive pharmaceuticals, extending shelf life of the product and increases its stability.

Carbon Trust ASSET certification

Amcors ASSET (Advanced Sustainability Stewardship Evaluation Tool) received Certification from Carbon Trust Association UK, confirming that ASSET meets the requirements of key international standards including the GHG Protocol Product Life Cycle Accounting and Reporting Standard and the PAS 2050 standard.

J&J Sustainability Award

Amcor Flexibles was recognised by their global customer, J&J, for sustainability performance in energy, water and waste reduction, workforce/injury/illness reduction, workforce wellness and community

Our approach
There is a general expectation by our stakeholders that, as a large, multinational company, Amcor will continuously improve and report on the environmental performance of our operations and will meet or exceed the environmental regulatory requirements of the regions in which we operate. Our commitment to environmental sustainability is embodied in the Amcor Code of Conduct and Ethics Policy, which states: Amcor is committed to managing its operations in an environmentally responsible manner. Our Group-wide Environmental Policy reinforces this commitment and includes specific environmental management requirements. These policies outline a range of precautionary principles that guide our operational planning and management. Amcor maintains environmental management systems appropriate for each sites operations and for the country in which the site is located. Multiple groups across Amcor play critical roles in driving strategy, operational and product improvements and policy initiatives related to environmental responsibility. Our Occupational Health, Safety and Environment (OHS&E) function has primary responsibility for environmental management systems and environmental compliance at our manufacturing and warehousing sites. All sites are required to have an environmental management system in place and to comply with the Amcor standards for: environmental discharges, community impact, and cooling tower management. Amcor sites without ISO14001 certification are required to conduct self-audits annually. Regional OHS&E coordinators also conduct site audits, the frequency of which is determined by the risk associated with each site. The Amcor Board of Directors is responsible for the regular monitoring of environmental exposures and compliance with environmental regulations. To enable it to meet its responsibilities of oversight, the Board has established an internal reporting process. Environmental performance is reported from each site up through OHS&E management to the Board on a regular basis and is included in the annual OHS&E Board report. Our OHS&E team also participates in due diligence tasks as part of our merger and acquisition activities and is heavily involved in the integration of acquired sites.

How we are doing

To date, 118 Amcor sites (approximately 40% of all Amcor manufacturing sites) have achieved ISO 14001 accreditation for their Environmental Management Systems (EMS), representing our key sites in Europe, Australia, Asia and South America, and some sites in other regions. The percentage of sites that are certified changes each year due to the acquisition and divestment of sites. Many of our other sites have environmental management systems accredited to other environmental standards. The remainder are either working towards an independently certified EMS or have processes

and systems in place to ensure compliance with local regulations and to identify environmental improvement opportunities. These sites are regularly inspected by national, state and local environmental regulatory agencies. This year, we developed and released an audit protocol for use during internal audits of sites environmental management systems, with the aim of standardising our audits across all sites. We monitor and undertake remediation activities on sites that have been contaminated by past practices to enable ongoing use of the land for industrial purposes. Many of these practices related to operations before Amcors ownership. Active monitoring and/or remediation is underway at two sites in Australia, ten legacy sites and one currently operating site in North America and two legacy sites and three currently operating sites in Europe. Legacy sites include those previously owned by Amcor and sites that have been closed. In FY2011/12, reported non-compliance with environmental laws or regulations resulted in one Amcor site in North America incurring a fine totalling USD11,250 and one Amcor site in Europe incurring a fine totalling 750. Further information about compliance with significant environmental regulations is contained in the Directors report within Amcors 2012 Annual Report. There were no significant spills that resulted in non-compliance with environmental laws during FY2011/12. During FY2011/12 we settled three of the seven US EPA Superfunds liabilities in which we had been is named as a potentially responsible party. CERCLA is the US federal governments program to clean up the nations uncontrolled hazardous waste sites. CERCLA imposes joint and several liability on each potentially responsible party (PRP), that actually contributed hazardous waste to a site. Customarily, PRPs will work with the EPA to agree on and implement a plan for site investigation and remediation. Liability was realised for these sites through acquisition and relates to historical activities prior to Amcors ownership. We continue to meet our obligations by way of payment of financial assessments. Selected information on this page pertaining to the number of ISO14001 accredited sites, significant spills, the development of an internal audit protocol, and the settlement of US EPA superfund liabilities, has been assured by Net Balance.

Responsible packaging
Our approach to sustainability begins with our belief statement, which says: "We believe in responsible packaging".
The role of packaging
Packaging plays an important role in society. It is a fundamental component of supply chains, providing benefits such as product protection, consumer information, safe and convenient handling and product marketing. It makes a valuable contribution to sustainability by protecting the product, preventing product spoilage or breakage, preserving the resources invested in the product and ensuring it reaches the end user fit for its intended purpose.

We work continuously with our customers and suppliers, collaborating on supply chain assessments and utilising our proprietary life cycle analysis software, ASSET, to identify the most sustainable packaging solutions. Life cycle assessment provides the data required to make informed decisions about responsible packaging, accounting for the sustainability impacts of different packaging options throughout the value chain and across the entire product life cycle

Packaging innovation reduces impacts throughout the supply chain

Amcors packaging innovations demonstrate how responsible packaging contributes to reducing impacts throughout the entire supply chain. These include: reducing the packaging footprint by down-gauging, using lower carbon footprint raw material inputs, increasing recycled material content, substituting packaging formats and reducing pack size and overall weight; increasing filling/packing line efficiency by designing packaging for faster sealing/ closure and more energy-efficient sterilisation methods; improving transport and distribution efficiency by designing packaging to maximise utilisation of available load space; improving transport and distribution efficiency by light-weighting rigid plastic containers whilst maintaining top-load strength to allow for substitution of secondary packaging (e.g. corrugated boxes for corrugated trays and shrink film); reducing the requirement for refrigeration in distribution and at the point of sale through aseptic or retort packaging that creates shelf-stable products; increasing the shelf life of consumer goods, for example, through the use of modified atmosphere packaging, particularly for fresh produce; extending product life and maintaining freshness of consumer goods in the home with re-closable packaging; and reducing energy consumption during food preparation and cooking, using microwavable packaging.